FX.co ★ Burning forecast 01/16/2017

EURUSD: We are in a state of growth, but a pullback is likely.In the EURUSD rate, the state of the trend is maintained upward, with the target of 1.2500 - 1.2600 by the end of January. At the same time, a significant pullback is likely - up to 1.2100.The main news of the week will be released on Wednesday evening - at 6:00 PM London time the Fed will issue a Beige Book report - it is possible that the data will be rolled back. Buy from 1.2180, stop at 1.2135, profit at 1.2280